HomeMy WebLinkAbout21847 - RESOLUTIONS - 3/7/2007 ' RESOLUTION NO. 21847
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET
FOR THE FISCAL YEAR 2006-07.
WHEREAS Resolution 21611 approving the budget for the fiscal year 2006-07 was
adopted on June 7, 2006; and
WHEREAS the City Manager has recommended, and the City Council desires to approve,
certain amendments to said budget.
NOW THEREFORE BE IT RESOLVED that the Director of Finance is authorized to record
inter-fund cash transfers as required in accordance with this Resolution, and that
Resolution 21611, adopting the budget for the fiscal year 2006-07 is hereby amended as
follows:
SECTION 1. ADDITIONS
Fund Activity Account Amount
12416
' No. 001 Redevelopment $1,466,785
General Fund Agency Loans
Receivable
Purpose: New loan to Merged Area #1 Capital & Admin to cover on-going costs.
SECTION 2. SOURCE: Merged Area #1 is concurrently repaying $1,466,785 in
loans from the General Fund.
Fund Activity Account Amount
No. 811
Merged Area #1 29301 $1,466,785
Capital & Admin Fund Balance
ADOPTED THIS 7" day of March, 2007.
_ 1
David H y, City Manager
ATTEST:
1 es Thompson, City Clerk
Resolution No. 21847
Page 2
CERTIFICATION ,
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. 21847 is a full, true and correct copy, and was duly adopted at a regular
meeting of the City Council of the City of Palm Springs on the 7�h day of March, 2007,
by the following vote:
AYES: Councilmember Foat, Councilmember McCulloch, Councilmember Mills, and
Mayor Pro Tern Pougnet.
NOES: None.
ABSENT: Mayor Oden.
ABSTAIN: None.
Yes Thompson, CityClerk
of Palm Springs, California
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